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Energy & Utilities · Week of Oct 26, 2026

Deals and debt cuts lead the week in energy and utilities

Balance-sheet moves led the week, with a Montney acquisition and two debt reductions, while utilities issued energy-saving tips and Borr updated on a rig incident.

· Times Beats newsroom

Capital structure was the clearest thread this week. Ovintiv agreed to buy Montney oil producer Logan Energy Corp. for C$1.40 per share in cash, about $890 million in total. PowerBank said it completed a CA$25.4M refinancing across 53 solar projects that cuts project debt by 14%. Soluna said it has fully repaid its Generate Capital debt and has reduced total debt principal by 76% since June 30, 2026.

Utilities filled much of the rest of the week with customer-facing releases. Pacific Gas and Electric Company and Duke Energy Florida each issued seasonal guidance on so-called energy vampires, devices that draw power while not in use. Pennsylvania American Water delivered a fourth PFAS settlement credit, and Entergy set the date for its third-quarter results. Borr Drilling gave an update on the Prospector 5 incident offshore Gabon, saying 110 of the 115 personnel on board are safe and accounted for.

  1. Ovintiv Inc.

    Ovintiv Announces Agreement to Acquire Montney Oil Producer, Logan Energy Corp.

    Ovintiv says it has agreed to acquire Logan Energy Corp. for C$1.40 per share in cash, for total consideration of approximately $890 million. The company says the deal adds oil growth optionality and drilling inventory in the Montney.

  2. PowerBank Corporation

    PowerBank Strengthens Balance Sheet and Solar Portfolio with 14% Reduction in Project Debt with Completion of CA$25.4M Refinancing

    PowerBank says it completed a CA$25.4M refinancing across 53 operating solar projects, reducing project debt by 14% and consolidating 50 credit agreements into one facility with a major Canadian bank. The company expects the deal to release approximately CA$5.0 million in net cash and to lower scheduled debt payments, banking fees and administrative costs.

  3. Soluna Holdings, Inc.

    Soluna Completes Full Repayment of Generate Capital Debt

    Soluna Holdings, a developer of green data centers for AI and Bitcoin mining, says it has fully repaid its debt to Generate Capital. The company says this brings the cut in its total debt principal to 76% since June 30, 2026.

  4. Pacific Gas and Electric Company

    Preventing Phantom Power from Taking a Bite out of Your Budget This National Clean Energy Month

    PG&E is encouraging customers to cut phantom power use from appliances during National Clean Energy Month and ahead of cooler weather. The release is part of a broader pattern of utility messaging on household energy costs this week.

  5. Duke Energy

    Duke Energy Florida shares tips for warding off energy vampires, saving money

    Duke Energy Florida is reminding customers ahead of Halloween that appliances and electronics such as TVs, phone chargers and coffee makers use energy 24/7, even when not in use. Its tips on cutting this standby use are aimed at lowering customer bills.

  6. American Water

    Pennsylvania American Water Delivers Fourth PFAS Settlement Credit to Customers

    Pennsylvania American Water says it has delivered a fourth PFAS settlement credit, bringing total refunds to nearly $44 per customer, which it says equals more than 15 days of typical water service. The company says it is continuing PFAS treatment upgrades across Pennsylvania.

  7. Entergy Corporation

    Entergy to report third quarter 2026 financial results on Nov. 2

    Entergy will report its third quarter 2026 financial results before the market opens on Monday, Nov. 2. Chair and CEO Drew Marsh and CFO Kimberly Fontan will host the call.

  8. Borr Drilling Limited

    Borr Drilling Limited - Prospector 5 Rig Incident Update

    Borr Drilling issued an update on the Prospector 5 incident offshore Gabon, which it first announced on October 25, 2026. The company says 110 of the 115 personnel on board are safe and accounted for.

This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not Times Beats reporting.